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This is an article about apple's newest product 'Apple Watch'. The author simply brings a a topic that bothers me too on to the table and critizices Apple on that which is that this product being compatible with only other Apple Products. More than that it is compatible with the "newest" Iphones and very expensive. Mr Roy simply says that this is a missed opportuinity for Apple because if they had lowered the price and made their product for non-apple users too they could have doubled their addrasable market. So, I believe this is an article about opportunity cost because Apple has lost its opportunity open up to millions of extra buyers in order to gain more money. Their opportunity cost was their addressable market. (Sorry everbody, I added this 2weeks ago, but apparently I forgot to share it, so here we go :)) Sinem Sınmaz

Hey, I like that you've linked this article with the opportunity cost however I also think that this article links to the Law of Demand as well since the demand curve of the Apple products experiences change in 'ceteris paribus' determinants.The launching of a new Apple watch has broadened the targeting costumers of the Apple products, since now they also have support from the buyers who would rather buy an expensive smart watch, than a tablet or laptop. This is similar to launching the IPod in 2001, when Steve Jobs attracted more buyers who were music lovers, and thus increased the demand in the product without decreasing the price of the same. This change has an effect on the demand curve, because it shifts the curve to the right since the demand of the Apple products increases. Andjela :)

Despite being partially right about claiming if they have lowered the price they could earn more, I also think that by increasing their prices and only providing compatibility between their own devices make it compulsory for people to buy not 1 device from Apple but more since they are only compatible with each other.

This article is about the choice of college students: attending college and working. Attending college comes at the cost of the money the student could have earned instead by working. However, there is a they can learn in college. Which is the better choice? To attend college? Or to work and earn more money?

Short Description: A teacher brings his students cakes and then lets them take only two slices, he then connects this to opprotunity cost in the real world. You only have a certain amount of funds, and you have to make your choice. The cakes represented shares while the amount you could take represented the funds.

The California Medical Assn now want a $3 excise tax put on cigarettes because the extra cost would pay for the cost of treating diseases caused by smoking.

Here is an example of a market failure. The pharmaceutical drug is being sold at a price too high for consumers. The Canadian government plans to impose a price ceiling on the good.

The article discusses the fact that the now dominant capitalist economic system has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. These contributed to the dead corals and rising seas. This global change can bring big costs for, among other things, tourism and infrastructure. Thus, the negative externalities are basically the public costs that come from the pursuit of private profit, representing massive risks leading to all recent recessions arising from the mis-allocation of risks.

Coca Cola is soon to release a new line of milk. The lactose free milk will contain half the sugar of regular milk, 50% more protein and 30% more calcium. Studies have shown consumers are looking to add more protein into their diets, prompting the companies decision. The premium milk will cost twice that of other milk brands.

This article is a study, which looks at increase of taxing companies per worker in order to cover the costs of providing health care for the workers. The study looks at how an increase in tax would affect companies and there attitudes towards this tax. Companies would take measures in order to pay as little tax as possible.

IN Kuala Lumpur the price of RON95 petrol for the month of December is likely to be reduced by four sen, and for the same period, RON97 is expected to cost RM2.46 after the government agreed to lower its price by nine sen. On Nov 21, the government announced that fuel subsidies for RON95 and diesel would be removed from Dec 1. The decrease in the fuel price will benefit the people since, if fuel subsidies lead to an increase in prices, the price of express bus tickets should also be reduced when there is a drop in oil price. Federation of Malaysian Consumer Associations vice-president Mohd Yusof Abdul Rahman said money saved from the removal of subsidies could be used to upgrade the public transport system.

I know this may be a bit different, but I still found it quite interesting and figured that I could post it since this definitely deals with opportunity cost and scarcity, lol.

Government imposed carbon taxes in Australia, in order to prevent the climate change. This will have the major influence on manufacturing and other business in Australia, especially the tourism. It is estimated the carbon taxes will "add $115 million a year to the bottom line costs of hotels and motels", due to the increase in additional costs such as energy bills, food, transport, linen and other expenses. The demand for the tourism in Australia will thus greatly decrease, as the expeneses will increase as well due to the large taxes imposed on the carbon "also Australia's carbon tax places tremendous pressure on Australian manufacturers and inevitably leads to job losses and business closures"

This article basically discusses how a raise in minumum wage would affect restaurants, spcially fast food restaurants such as McDonalds. As President Barack Obama propeses to raise the minumum wage to 10$ many fast food companies disaggree him saying that their customers are price sensitive and this increase in their cost would haveto reflect onto customers which would drive them away. However data says otherwise. The article indicates that the prices of fast foods are ectually inelastic and therefore an increase in price although would mean less customer it doesn't necesserily mean less revenue

I think this article is a very good choice as it shows the effect the elasticity can have in real life situations. I think in this situation we also have to appreciate the recognition that the company Mcdonald's has ;this could influence elasticity being inelastic. As Mcdonalds is a very popular ,globally known fast food restaurant they may find that a small increase in price will only affect their demand in a small way. So like you said it doesn't necessarily mean less revenue. Jack

Hi, There is a web article about the gushing oil demand. Basically is that the demand of oil is the world have been increasing while the production of it have been decresing, That means that the cost is more than before.

The Saarc Summit is fast approaching and Nepal is engaged in last-minute preparations, though even the government seems unsure if the Summit will make any substantial achievement in regional integration. In fact, there is much greater excitement about Indian Prime Minister Narendra Modi's visit to Nepal than the Summit itself.

The decreased production of bananas means there is an excess of demand for bananas. The shortage of bananas demonstrates how to correct and balance the market, the banana increases in price for the market to be in equilibrium. The excess of demand automatically forces the price to increase, demonstrated by the 16% increase, until the market is at equilibrium.

Cocoa prices rose to the highest level in three years after reports of demand for the chocolate ingredient surpassed expectations. Cocoa for delivery in September ended Wednesday at $3,185 a ton, the highest closing level since July 7, 2011, on the ICE Futures U.S. exchange.

This article is about how the scarce resource of water is affecting Iraq's stumbling economy. Although a "seawater injection" project has been designed to help Iraq's economy, the lack of resources is what is holding them back. There is also a lack of materials (industry sources) being used to extract the water from the fields; pipes, pumps and new kits to separate larger quantities of water are also scarce. Overall, this article shows that Iraq must deal with what materials or resources are vital to benefit themselves. Scarcity of water and labor sources are affecting a boost in their oil production. -Victoria Benavides

This article talks about how scarce affordable housing is in California. It talks about how a certain Apartment block with 160 apartments received 4000+ applicants, how to reduce the problem, and the reasons for the problem in the first place.

This article addresses several economic issues, like the US dollar inflation that is now not even backed by real gold, the demand and supply of gold, the dramatic reduction of this product in certain markets, and how this will affect the market overall.

This article talks about how the demand for laptops was incredibly low during all of 2013, due to the new fad, tablets. It talks about the decrease in laptop shipments and how sales have gone down.